Utilico Investment Trust Share Discussion Threads

[chart master] 29/12/2003 08:44

Utility companies, particularly water utilities, look to be positively re-rated during 2004 - comment by Henderson Global Investors on Bloomberg TV 8.40am this morning. Identified as a sector with overall positive potential for the new year.

[praipus] 23/12/2003 09:53

Thanks again. An acquaintance claims to be one of the UK experts on Japanese Candlestick Theory some of the traders tell him its like reading Tea Leaves but the bank he belongs to wont make a move without his input.

Have found charts useful though you have to register now. Have lost quite a bit following charts. The focus now is not loosing money and value investing which you have to be prepared to wait for sometimes.

Historically held water only shares for safe capital growth and income. F & C Suit Plc Utilico's predecessor was and Utilico is a significant investor in the water only companies.

SUIT and Utilico have always attracted a discount to NAV which is useful to get a discounted exposure to their holdings sometimes but baffling as the management team have been getting it right and working well for some considerable time.

Most of the holdings they have are undervalued too, the dividend and simple share structure make it easy to buy and hold and wait until value is realised.

[chart master] 23/12/2003 08:40

One article on O'Neill's 'cup with handle' patterns can be found at:



The UIL chart definitely meets the 'long base' criterion very well. Another article I found at www.marketocracy.com about such patterns has:

'O'Neill calls it a cup-and-handle formation: Elliott Wave calls it a Wave 3 breakout, which are the most profitable waves of all, when they occur, especially when the fundamentals warrant such a move'.

No one should follow charts blindly - however, used accurately and sensibly, particularly in a bull market, they can be useful.

Now, why are you invested in Utilico?

[praipus] 22/12/2003 22:57

Thank you. O'Neills cup sounds interesting. What do you use to identify these patterns for you?

[chart master] 22/12/2003 19:43

I do not trade very often, as I cannot track stocks during the day, so I like to look for very bullish patterns whenever possible. One such pattern, as you probably know, is O'Neill's 'cup with handle' pattern.

My last pick was way back in July, for Teather and Greenwood (TEG), which also did very well while I held it.

[praipus] 22/12/2003 14:06

Glasgow Airport stake sale to Infratil £11m! Strong buy IMHO.

[praipus] 22/12/2003 13:56

Sorry this is off topic: Chart Master, What or who's software do you use for charting and selecting stocks?

[chart master] 20/12/2003 21:05

Upward momentum as forecast.

[praipus] 19/12/2003 23:41

Still significantly under valued, stong buy IMHO

[praipus] 19/12/2003 11:57

NAV £1.20 - £1.24 discount narrowing, premium looking highly probable. Warrants looking cheap again. Good value strong buy IMHO.

[chart master] 18/12/2003 22:49

UIL chart on technical target.

[praipus] 17/12/2003 21:24

Some interesting info here about what the management team has been doing and which shares are contributing to the NAV increase.

[praipus] 16/12/2003 17:09

Looks like a wall of fear chart ... however the last vehicle the management used went from 40p to £2.20 through ultra conservative investment in utility and infrastructure situations.

The long suffering 15% discount to NAV is no longer appropriate IMHO and further upward correction highly probable.

[chart master] 15/12/2003 22:08

£1.60 has been identified as a possible target.

[praipus] 12/12/2003 10:36

Closed above £1.00 yesterday a chartist would target £1.50 - £1.60 premium territory! IMHO

[praipus] 28/11/2003 10:10

Nav up to £1.19 to £1.22 shares trading at 95p - 99p! These and the warrants remain a strong buy IMHO.

[praipus] 22/11/2003 22:39

ESH have announced buying Pheonix for £180 odd million, UIL own a significant percentage of ESH, from memory 9 to 14%. So the NAV will rise again when the purchase goes through.

Stronger buy than ususal IMHO.

[binky natters] 21/11/2003 13:03

Binky says yes.

BNK

[binky natters] 21/11/2003 13:02

I always check with Roy before taking UIL to the cleaners. Roy always manages to take me to the cleaners though!

BNK

[binky natters] 21/11/2003 13:00

Remeber Longstaffe before you dig too deep into your pockets.

BNK

[binky natters] 21/11/2003 12:59

keep it small but spread it thick.

BNK

[praipus] 05/11/2003 22:30

Nav up to £1.16 to £1.19 shares trading at 91p-96p stong buy IMHO

[praipus] 03/11/2003 16:22

Newsarticle today saying one of China's utilitiy companies is going public and rumoured to be oversubscribed by 70 times!

Think Utilico has significant exposure to a number of China's utilities.

[praipus] 31/10/2003 13:10

NAV £1.17p now, this is in the "well kept secret" category!

[praipus] 10/10/2003 15:37

NAV now £1.08 - £1.10!